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JBmurc
05-08-2005, 08:08 AM
;)listed march 04 raising aud-15million 20c per share
-current price 13.5 bids 14.5 offers
-current US gas price $8.30per mcf
-will be producing - 1600000 mcf per day at the east Esponda project soon-Wyoming USA -(only one of many US AUS projects;)

-6mill cash in bank


-top shareholders-
ANZ Nominees Pty Ltd 8,608,610 31/01/2005 5.10
Altinova Nominees 23,250,001 31/01/2005 13.77
Citicorp Nominees Pty Limited 20,194,015 31/01/2005 11.96
Commonwealth Bank Group 16,477,982 22/06/2005 9.76

;)got my bid in today for some more at these low prices

JBMURC HOLDS-PGS-AZZ-PSA

ananda77
05-08-2005, 11:05 AM
JBmurc:

Steady little appreciaters these coalseam gas producers. Usually have good reserves and waiting for gas sales soon to be established.
Have PGS on my radar now for a while but decided to take a larger slice in MPO/MPOOA.

...but PGS should be fine.

Kind Regards

Moonshine
05-08-2005, 06:03 PM
Hi JB,

According to your figures, are you suggesting a DAILY income of USD$13,280,000... or... $4,847,000,000 per annum???

All for a company with current market cap of only $17million ozzie???

Please correct me if i am wrong, but it sounds too good to be true??

Cheers,

Moonshine

JBmurc
05-08-2005, 10:22 PM
yeah waiting for some one to pick that ;)

-my mistake [xx(] from my calucations more like 480000 mcf per day
at east esponda $1.10 cost $7 profit so that more like [?]

20-25% in 8 wells. say 8 x 300,000 divide by 5 = 480,000 mcf x $7
============3.3m per day [}:)] still to high whats up here
read there AGM presentation its in there -they state that they will flow at least 300 thousand feet(mcf) per well per day -they hold a 20-25 %interest in the wells -looks far to good to me hugely undervalued
[?][?][?][?][?]they also have 12 oil wells in the area
JBMURC- selling the house to buy more;)

-up 3% today [:p]

JBmurc
09-08-2005, 10:32 PM
up 10% today ;)

Mick100
09-08-2005, 11:29 PM
I wouldn't sell the house just yet murc
I think you maybe a bit confused
Mcf means thousand cubic feet - not million cubic feet

EXTRACT FROM THE LATEST QUARTERLY
"The Company's NRI share of production was sold for an average of US$5.88 per Mcf for
total net revenues of US$110,895 and the Company's share of operating costs totalled
US$169,362. Production and unit operating costs were adversely affected, as a one-off,
by the well shut-ins necessitated by the 'exception spacing' drilling of the Wall seam during the June 2005 quarter."

,

Mick100
09-08-2005, 11:43 PM
Just wanted to save this post
$11.2m per day - I'v got to get some of these smartly:D


quote:Originally posted by JBmurc

;)listed march 04 raising aud-15million 20c per share
-current price 13.5 bids 14.5 offers
-current US gas price $8.30per mcf
-will be producing - 1600000 mcf per day at the east Esponda project soon-Wyoming USA -(only one of many US AUS projects;)

-6mill cash in bank


-top shareholders-
ANZ Nominees Pty Ltd 8,608,610 31/01/2005 5.10
Altinova Nominees 23,250,001 31/01/2005 13.77
Citicorp Nominees Pty Limited 20,194,015 31/01/2005 11.96
Commonwealth Bank Group 16,477,982 22/06/2005 9.76

;)got my bid in today for some more at these low prices

JBMURC HOLDS-PGS-AZZ-PSA

JBmurc
10-08-2005, 05:27 PM
up another 10% today ;)yes i know they wouldn,t be making that kind of flow just what that one part of there agm stated 300 thousand mcf PER WELL PER DAY 8 wells with a 20-25% - costs of $1.10 at usd $8.30mcf that would be about= $4000 per day US 4000x356=1.4million;)

this is only one of there projects-

GOLD[xx(]OIL GAS NICKEL COPPER :D

p.s- will be still selling the house -buy build sell =profit;)

shasta
21-11-2010, 09:36 PM
Anyone still watching PGS, with there focus now on CSG/CBM (+ Geothermal) ?

NHC has an 19.99% interest, & market cap @ $0.08 = $~40m

Not cheap, but NHC with $1.9B in the bank saw enough in its permits to warrant taking a stake, as it broadens its energy portfolio

Thats enough for me to maintain an interest in PGS

bermuda
31-01-2012, 10:16 PM
Anyone still watching PGS, with there focus now on CSG/CBM (+ Geothermal) ?

NHC has an 19.99% interest, & market cap @ $0.08 = $~40m

Not cheap, but NHC with $1.9B in the bank saw enough in its permits to warrant taking a stake, as it broadens its energy portfolio

Thats enough for me to maintain an interest in PGS

Hi Shasta, Happy New Year.
Crooky put me onto this one yesterday. It has been totally ignored. And....I have since heard that apparently the word on the street is that SXY may be looking at PGS. It is loose talk but nevertheless gets your adrenalin going. Have a look at it. Would really value your opinion.

I think PGS is going to fly. To think that the last post was yours back in November 2010. This has been totally ignored.

As always, obviously, DYOR
Cheers

CMo
01-02-2012, 08:33 AM
What do you make of the deal with SXY (SXY fronting the cost and taking half of the revenue)... Would that be more or less incentive for them to buy PGS outright?

Corporate
09-07-2013, 11:35 PM
Hi all

As a holder of Senex shares I came across Planet Gas recently and immediately got excited. I got excited because there are not many juniors left in the Copper Basin and even less that have 3D seismic over their tenements, are fully funded and have drilling in 2013.

PGS has it all.

Current market cap: $11m
Cash in the bank: $5m
EV: $6m

So what do you get for a ridiculous $6m EV?

- 20% of prime copper basin oil acreage
- Cordillo 3D seismic
- Dundinna 3D seismic
- 2 confirmed wells paid for by Senex by November 2013
- A further free carry by Senex of a further $45m (PGS share $9m)
- Low cash burn
- Well head royalty capped at $7.5m (2% at the well head)
- Possible cash bonus of $5m for certification of 8mbbls oil and $5m for an additional 4mbbls

Worth a look in my view - I've been buying.

Cheers

Corporate
20-07-2013, 12:10 AM
PGS moving up but still very cheap. The acrege (PEL 514) is also very close to the Paning-2 well that SXY drilled and flowed.